Harmonic pattern uber my harmonic analysis on uber
i hope u like it
it is not advise to short just for learning purpose
UBER trade ideas
$UBER - SEQUENCE OF BULLISH HINTS The aggressive breakout that occurred back in November 2021 was beautiful.
Shame the market was, by then, reaching its last hurrah and this stock, like roughly 80 % of them, could not fight against a bear market. Yes, no matter how sexy your setup is, a bear market is a bear market.
This market is still a young one though, which needs to be marketed, and it is now, one year and something afterwards, displaying some interesting bullish signals.
Here's an interesting sequence of events happening in this market:
- July 2021: break below the 10 EMA and a next downtrend followed as trailed by that same EMA.
- August 2022: discrete bullish bump & run reversal pattern completed with a strong bullish candle.
- November 2022: Break above the downward sloping trendline.
- January 2023: Strong breakout above the same 10 EMA which had been trailing the downturned for months. Simultaneously, it became confirmed that this market failed to make new lower lows for this first time since its downtrend had started.
- February 2023: The candle has not closed yet. Should it close as is or similar, then we have:
1. a new higher high
2. a definite break of the previous structure
3. a confirmed uptrend
4. coming from a value zone, which might render it as well as a good trigger for a bullish trade.
Remember that this is just a perspective among many possible ones. No matter what your perspective is, or whether you agree with this or not, please do not forget to manage risk. That's the base of the trading piramid, without which all the rest is worthless.
Cheers,
Tenacious Tribe
Trading Idea 030: UberMarket Conditions:
- bullish trend
- possible false breakout / reversal
- bullish sentiment in the market
Key Level and Lines:
- $33.36 resistance
Trading Ideas:
- go short using a false breakout / reversal signal from the resistance
- go long if the price moves above the resistance and consolidates above for a few days.
UBER strong bullish trend to see in next periods
Hi viewers, UBER technically watched here expecting strong bullish push in next periods
TP1:36
TP2:38
TP3:40
UBER 10 FEB 32/17 FEB 30 DIAGONAL CALLBULL PULLBACK SETUP
Detailed definition of setup and what market conditions are desirable:
I've had UBER on my watchlist since about the end of December. And since about August of 22', it's kind of been trading between 31.57 and 26.06. So I was curious to see if it would make it's way back into that sideways channel and so we're here now. And even though overall market sentiment is bearish, UBER has had good momentum to the upside since the end of December.
Detailed Definition of the trigger (entry point) used to enter position:
On January 18th, UBER made a new swing high so I was anticipating a pull back to come. The 19th it retraced back to a support/resistance area of 28.36. I placed an alert to notify me once it traded above the 18th's high which I set at 29.29. It triggered this morning.
Detailed Definition used to determine Stops (abandon or adjust)
No stops. I'm set up for max loss risking less than 2% of my portfolio.
TRADE SETUP
Uptrend: Stock made a new swing high on the 18th. It's also trading above a rising 50-day SMA. The pullback brought this back to prior support/resistance level of 28.36. On the pullback, there was lower or equal volume on pullback and I'll be using yesterdays candle as my reversal candle at area of support of 28.36.
How strike prices and expiration dates are selected
Let's take a look at the hour chart. I drew a trend line from the low of the 27th, and the low of October 11th 2022. I was debating on which strike prices I wanted because there wa an option of a strike price of 31.50. But I decided to go with the 32 strike because I anticipate that it will want to blow through the 31.57 zone I have, and do something similar to what happened between September 9th 2022 and September 21st 2022. uber announces earnings February 8th so I went with the Feb. 10th expiration with the anticipation that this will run up higher going into earnings. So I plan on closing this out no matter what before the 8th.
Position management strategies when the stock goes lower
If this goes lower, I'll just let expire worthless and move on to the next trade. I'm set up for max loss
Position management strategies when the stock goes sideways
If this goes sideway I'd be ok with that. It would have to trade between 30.05 and 28.36 but then I'd want to see this run up before earnings. If it just stays in this range for the next three weeks, I'll let it expire worthless and move on.
Position management strategies when the stock goes higher
Ok, so if this thing blows through 31.57 before February 7th, I'm going to hang on to this to see if this drifts back down to the apex of the trade. But if it decides to hang out above 32 by Feb 7th, then I'll close out the entire combo because I don't want to keep this going into earnings.
Position management strategy at expiration
I'm not going to hold this until expiration. it needs to be close out on, or before February 7th.
$UBER - WEEKLY BREAK-OUT$UBER - WEEKLY BREAK-OUT
Stocks are breaking out of year-long down-trends everywhere.
I'm loaded 💪🏻
Even our old friend Uber is leading the way, as covid is behind us!
Do you hold any stocks?
#Uber
will this downward channel hold again?Touched the top of the down channel in a straight line, almost up vertically. Overbought
UBER LONG IDEA!Uber has been pushing to the upside with thanks fundamentally after the rideshare platform was upgraded to overweight from neutral by Piper Sandler. The bank said increased car prices will push consumers to Uber and other rideshare platforms.
Technically, price action via the weekly has broken out of a flag pattern, eying a possible inverse head and shoulders pattern.
Uber (UBER) Long Idea!Uber possible long play (UBER)
Uber is trading higher today up over 5% after the rideshare platform was upgraded to overweight from neutral by Piper Sandler. The bank said increased car prices will push consumers to Uber and other rideshare platforms.
Technically, price action via the weekly has broken out of a flag pattern, eying a possible inverse head and shoulders pattern.
TWTR ABSORBTION PROCESSthe trading now is happening above the red line as an absorption process with the target to above $27.
UBER, 10d+/-32.23%falling cycle -32.23% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
UBER - Day ChartBearish Indicator:
1- Made Lower Low
2- Bearish Flag Formed
3- Support at 23.75
4- Symmetrical Triangle bottom line broken
5- Declining Head & Shoulder formed
6- 0.61 Fib zone is acting as resistance
$UBER Analysis, Key levels, and Targets $UBER Analysis, Key levels, and Targets
I made a funny joke when UBER IPO’d… I said… I’d buy at 25… well, here we are and from here on out I’m collecting…
I think UBER will be an S&P company for sure….
uber short 4:1 risk reward ratioMA congestion and turning down, under all MAs. staggered stopped @3% and 4.5% for half of the exposure respectively. Closed 25% at 5% gain to finance the 4.5% stop.
target close at 23. Risk 4% for 16% gain.
UBER & LYFT earnings breakoutUBER & LYFT are having an earnings breakout. Here's a side by side 1 day comparison chart:
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
UBER SHORTMA congestion and turning down, under all MAs. staggered stopped @3% and 4.5% for half of the exposure respectively. Closed 25% at 5% gain to finance the 4.5% stop.
$UBER - MOST LIKELY SCENARIOUber Seems to have no real future as a stock. Just hanging around IPO price forever.
I expect it to drop to $20 and go back to $40 after that.
#UBER to 20$?Hello dear Traders,
Here is my idea for #UBER
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
UBER Set To Drop Based On DivergenceUBER is set to drop based on MACD trends and bolliner bands showing sell signals. Elliot wave analysis also shows a down trend detected in wave 3 which is set to further decline. UBER should be sub $25 by the end of the week based on these trends. Great shorting opportunity.
UBER IDEAHELLO GUYS THIS MY IDEA 💡ABOUT UBER is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
Support & Resistance To Be Tested For UBER support and resistance are set to be tested this morning. A slight dip is to be expected at the open despite pre-market bump. After this dip we should see UBER rise above and beyond resistance. This is based on divergence and candle stick analysis.
